> They are compensated for this by a fee that is allotted to them in the loan contract. Do the RAAs also lose money if they approve a loan that turns out bad?

> They are compensated for this by a fee that is allotted to them in the loan contract. Do the RAAs also lose money if they approve a loan that turns out bad? The creditors do. What is the relationship is between an RAA and creditors? I assume they are separate entities.